No cryptocurrency in the world starts with the objective of being used for money laundering or to buy illegal products, although this is a reality. The dollar did not come to the world to finance US nuclear weapons companies.

So, why is a part of society so reluctant to use cryptocurrencies and so tolerant of the dollar?

The origins of this coin date back to 1785, when it was adopted as an official currency in the United States. More than two hundred years have passed, a time more than enough to adapt and get used to the uses that have been given. Perhaps, this is the main reason why society continues to use the dollar, despite being aware of the activities for which it has been oriented.

We do not want a tolerant society with the illicit uses of cryptocurrencies, because we are the first to work to avoid money laundering or to launder drug money through these means. What we are pursuing is the creation of an increasingly secure and transparent system based on the logic of the blockchain and capable of granting society power over its own money.

With this objective, some cryptocurrencies have begun to consider the possibility of having the backing of a company or company.

What is the use of cryptocurrencies in this initiative? How does it influence the increase of its security and transparency?

So far, this is a very novel point that is beginning to be tested in this area. Few doubt the level of growth that cryptocurrencies are experiencing today, however, the dream of reaching a predetermined and decentralized payment system on which the foundations of the crypto-revolution are based has not yet been achieved. One step forward in achieving this dream may be the reinforcement of security in these virtual currencies. You know that most cryptocurrencies are supported by teams of altruistic people, but they do not have companies behind them.

Undoubtedly, this is something that must change at some point, so the creation of companies that endorse a certain cryptocurrency can be a powerful initiative that provides security and more transparency to the entire system.

Reasons why you could bet on supported cryptocurrencies.

You could find hundreds of reasons to use virtual currencies, but when it comes to having the guarantee of a backup, they multiply. The most important reasons why we could bet on these initiatives would be:

- Security and speed in transactions.
- Transparency and support in payments.
- Guarantee of having an endorsement.
- Possibility of providing cryptocurrencies with real and not only speculative uses.

Would this be an effective measure to end money laundering and other illicit activities? The answer is yes, although it is something that we will observe over time and that there will always be transparency in any applied measure. The pseudo-anonymous character and the ability to be traceable, granted by the chain of blocks or blockchain, reinforce the transparency of transactions.

Of course this is not to be expected the widespread acceptance of this initiative today, but as it evolves and unfolds this new economic area, it will seek to protect more and more the economic interests, including the financial stability that could be affected by the volatility observed in the value of many cryptomonedas. This will give more credibility and permanence of these new assets backed in the world.